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Apple, Amazon lead the pack to $1 trillion market value

For a long time, Apple appeared to be flying solo to a $1 trillion market value, but Amazon is right at its heels — and experts have no fears of a tech bubble.
The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS-Lucy Nicholson

Netflix effect: cord-cutting accelerates in US market

US households are dropping their traditional pay TV packages at a faster rate than in the past amid a rise in streaming video services like Netflix, a survey showed Tuesday.

Google hit with record $5 billion EU fine in Android antitrust case

European Union regulators today slapped Google with a massive $5 billion penalty for abusing the dominant position of its Android mobile operating system.
Walmart

Microsoft, Walmart team up to take on Amazon

Walmart said Tuesday it was entering into a strategic partnership with Microsoft on “digital transformation” for the onetime retail industry leader.
Amazon's Jeff Bezos

Amazon boss Jeff Bezos is richest man in modern history

Amazon boss Jeff Bezos is the richest man in modern history with a fortune of $150bn (£113bn).
Berkshire Hathaway Chairman and CEO Warren Buffett

Warren Buffett donates $3.4 billion to five charities

Warren Buffett has donated roughly 3.4 billion dollars of Berkshire Hathaway Inc stock to five charities, the billionaire’s largest contribution in his longstanding plan to give away his fortune.
Fintech

Expert: Fintechs will assume prominent role in banking

The Founder of the Computer Warehouse Group, Mr. Austin Okere, has expressed optimism that fintech companies are likely to take a more prominent role in banking and the financial services space.

Facebook’s Mark Zuckerberg now world’s third richest man

Facebook CEO Mark Zuckerberg is now the third richest man in the world, overtaking Warren Buffett on Bloomberg’s list of the world’s richest people.

Google to invest $550 million in China e-commerce giant JD.com

Google will invest more than half a billion dollars in China’s second-largest e-commerce company JD.com as part of a move to expand retail services around the world, the companies said Monday.

Oprah Winfrey to produce shows for Apple

Television personality Oprah Winfrey has agreed to produce shows for Apple as the iPhone maker prepares to make a push into original content.

Cardtonic: Sell iTunes and Amazon gift cards without getting cheated

There is just one little problem, you don’t know where to sell iTunes and Amazon cards without getting cheated. Well, luckily for you, we do.

Amazon blocks Australia from global sites

New rules require internet retailers like the American behemoth to collect a 10 percent goods and services tax on everything bought from overseas sites from July 1, including under the current tax-free threshold of Aus$1,000 (US$760).

Dropbox beats estimates in first results since going public

File sharing and storage company Dropbox beat Wall Street expectations for quarterly results and topped estimates for paying subscribers in its first financial report as a publicly traded company.

Russia takes further steps to restrict access to Telegram

Russia has taken further steps to limit access to popular messaging app Telegram, blocking 50 internet anonymizers and VPN services, as reported by Meduza. However, Roskomnadzor, the country’s federal executive body responsible for censorship, won’t disclose which services have been blocked.

France’s Emmanuel Macron digital tax plan faces EU rebuff

French President Emmanuel Macron's ambitious plans for an EU digital tax targeting US tech giants such as Google or Facebook faced strong headwinds on Saturday, provoking anger from Paris.

Peru hunts two over lynching of Canadian for shaman murder

Peruvian police searched Tuesday for two men over the lynching of a Canadian suspected of killing an elderly shaman in the Amazon, judicial sources said Tuesday.

EU probes Apple’s plan to buy music app Shazam

The EU on Monday launched an in-depth probe of tech giant Apple’s plan to buy leading song-recognition app Shazam because of fears the deal may reduce choice for consumers.

Donald Trump orders Postal Service review after blasting Amazon deal

After accusing Amazon for months of not paying its fair share of postage, President Trump has ordered a review of the US Postal Service’s finances via an executive order issued late Thursday night. The order calls for a task force to evaluate the operations and finances of the USPS.

Recent Stories

Governor David Nweze Umahi

Governor Umahi donates N413 million to corps members, others in Ebonyi

Governor David Umahi of Ebonyi State, on Monday, doled out N413 million to the National Youth Service Corps (NYSC) in the state.

2019: Senator Makarfi advises PDP to nominate candidate with credibility, goodwill

A presidential aspirant of the Peoples Democratic Party (PDP), Sen. Ahmed Makarfi, on Monday, advised party faithful to shun moneybags but to elect a candidate that has credibility and goodwill to enable the party win the 2019 presidential election.

Police arrest five as Kwara college students protest non-payment of staff salaries

Men of the anti-riot squad of Kwara State Police command have arrested five students of College of Education, Ilorin, who masterminded the protests that rocked the state capital yesterday.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

Court restrains new Benue Speaker, others from entering, sitting at Assembly Complex

A Makurdi High Court, presided over by Justice Theresa Igoche, has restrained the new Speaker, Benue State House of Assembly, Titus Uba, and others from entering and sitting in the state assembly complex.
NAFDAC Director General Christianah Mojisola Adeyeye

Two companies sanctioned for marketing calcium sulphate without certificate

The National Agency for Food and Drug Administration and Control (NAFDAC) says it has sanctioned two chemical companies for marketing calcium sulphate without listing certificate in Abuja.